Iconic East Side Diner

Undisclosed Address, Rhode Island
Business Opportunity for Sale
Catylist Listing ID: 30576569
Property Subtypes: Food and Beverage
Building Size (RSF): 980 SF
Sale Price: $225,000
Name of Establishment: Wayland Square Diner
Year Business Established: 1957
Gross Revenue: $750,000 (Annual)
Cash Flow: $0 (Annual)
Last Updated: 9/15/2020

Overview / Comments

"Historic Iconic East Side Diner"
Originally opened in 1957 as Ruffuls Restaurant, the tradition of quality food, welcoming atmosphere, and plentiful portions has continued as the Wayland Square Diner for many successful years. As retirement age approaches, the owner has decided it is time to turn over the reigns to a new high energy restaurateur. This is a turn key business opportunity offering a fully equipped kitchen, seating for 50 inside and 20 outside(seasonal), a full basement with lots of storage and a long history of success.

NOTE** DO NOT SPEAK TO SELLER OR THEIR EMPLOYEES ABOUT THE SALE OF THIS BUSINESS/PROPERTY. ALL INQUIRIES MUST BE SUBMITTED DIRECTLY TO AGENT. ALL SHOWINGS WILL BE PRIVATE AND CONFIDENTIAL.

Additional Details

Industry Segment: Restaurants
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $125,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Current lease is $2,784 per month plus utilities. 3 years remain on current lease. A new lease can be negotiated with the landlord.
Employee/Labor Description: 3 full time and 4 part time employees.
Mgmt/Training Support Description: Owner will assist new business owner with transition.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,055 20,947 38,640
Median Age: 41.9 43.9 44.31
Households: 433 8,398 14,886

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